Trulia Files for $75 Million IPO
Another online real estate company is preparing to test the IPO waters. Trulia, which provides real estate listing services to prospective home buyers, sellers and renters, has filed to raise $75 million in an initial public offering. According to an S-1 submitted to the SEC in May and made public today, Trulia will list an as yet unspecified number of shares on the NYSE under the symbol TRLA, with JPMorgan Chase & Co. and Deutsche Bank AG taking the lead on the offering. Trulia’s IPO follows that of its rival Zillow, which raised $69.2 million in its July 2011 offering.